3,402 Shares in T-Mobile US, Inc. $TMUS Bought by Bull Harbor Capital LLC

Bull Harbor Capital LLC bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,402 shares of the Wireless communications provider’s stock, valued at approximately $715,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Strategic Investment Advisors MI grew its holdings in shares of T-Mobile US by 69.4% during the first quarter. Strategic Investment Advisors MI now owns 3,504 shares of the Wireless communications provider’s stock worth $736,000 after purchasing an additional 1,435 shares during the last quarter. Encore Global Management LP bought a new stake in T-Mobile US during the 1st quarter worth approximately $1,260,000. Amundi increased its position in T-Mobile US by 40.6% in the 1st quarter. Amundi now owns 3,679,795 shares of the Wireless communications provider’s stock valued at $772,867,000 after acquiring an additional 1,062,643 shares during the period. Gould Capital LLC raised its stake in shares of T-Mobile US by 79.7% during the first quarter. Gould Capital LLC now owns 7,644 shares of the Wireless communications provider’s stock valued at $1,605,000 after acquiring an additional 3,390 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of T-Mobile US by 72.4% during the first quarter. EverSource Wealth Advisors LLC now owns 4,495 shares of the Wireless communications provider’s stock valued at $944,000 after acquiring an additional 1,887 shares during the last quarter. 42.49% of the stock is owned by institutional investors.

Analyst Ratings Changes

TMUS has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on T-Mobile US from $300.00 to $285.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Morgan Stanley lowered their price objective on T-Mobile US from $260.00 to $230.00 and set an “overweight” rating for the company in a research report on Tuesday, July 7th. Wall Street Zen upgraded T-Mobile US from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Moffett Nathanson raised shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $254.00 target price for the company in a research report on Wednesday, April 8th. Finally, TD Cowen lowered their price target on shares of T-Mobile US from $261.00 to $260.00 and set a “buy” rating for the company in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $252.08.

T-Mobile US Trading Down 4.5%

NASDAQ TMUS opened at $173.34 on Friday. The stock has a market capitalization of $185.94 billion, a P/E ratio of 18.15, a P/E/G ratio of 1.02 and a beta of 0.33. The business has a 50 day simple moving average of $183.52 and a 200 day simple moving average of $195.06. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83. T-Mobile US, Inc. has a one year low of $165.66 and a one year high of $261.56.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.40. The firm had revenue of $22.79 billion for the quarter, compared to analyst estimates of $22.95 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The company’s revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.84 earnings per share. Research analysts expect that T-Mobile US, Inc. will post 10.69 earnings per share for the current year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, August 28th. T-Mobile US’s payout ratio is presently 42.72%.

Insider Transactions at T-Mobile US

In related news, COO Jon Freier sold 4,799 shares of the stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $190.00, for a total transaction of $911,810.00. Following the transaction, the chief operating officer directly owned 217,168 shares of the company’s stock, valued at $41,261,920. This represents a 2.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.32% of the stock is currently owned by corporate insiders.

T-Mobile US Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.